OIS

MKT CAP:$661M

Oil States International, Inc.

Market Cap

$661M

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$10.74+$3.67 (+51.91%)

Apr 22, 2026

Company Details

Oil States International, Inc., through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates throu...

CEO

Philip S. Moses

IPO Date

Feb 9, 2001

Website

www.oilstatesintl.com

Key Metrics TTM

Revenue

$668M

-9.2% YoY

Net Income

-$96M

EPS (Diluted)

-$1.69

Free Cash Flow

$56M

Revenue / Share

$11.62

Gross Margin

13.2%

Operating Margin

-0.7%

Net Margin

-14.4%

FCF Margin

8.4%

P/S

1.0x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 4, 2026

$669M-3.4%EPS -$1.86

Q4 2025

Mar 4, 2026

$178M+8.3%EPS -$2.04

Q2 2025

Jul 31, 2025

$165M-11.3%EPS $0.05

Q1 2025

May 1, 2025

$160M-4.4%EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$161M	$9M	-$10M
Q1 22	$164M	$20M	-$792.0K
Q2 22	$182M	$22M	-$1M
Q3 22	$189M	$22M	-$2M
Q4 22	$202M	$28M	$3M
Q1 23	$196M	$30M	$6M
Q2 23	$184M	$26M	$2M
Q3 23	$194M	$28M	$4M
Q4 23	$208M	$30M	$8M
Q1 24	$167M	$21M	-$1M
Q2 24	$186M	$30M	$3M
Q3 24	$174M	$24M	$1M
Q4 24	$165M	$27M	$3M
Q1 25	$160M	$25M	$3M
Q2 25	$165M	$28M	$5M
Q4 25	$178M	$8M	-$16M

Valuation

Quarter	P/S	P/E
Q4 21	1.2x	—
Q1 22	1.1x	—
Q2 22	1.0x	—
Q3 22	0.9x	—
Q4 22	0.9x	—
Q1 23	0.9x	323.7x
Q2 23	0.9x	85.4x
Q3 23	0.9x	67.4x
Q4 23	0.8x	51.3x
Q1 24	0.9x	—
Q2 24	0.9x	—
Q3 24	0.9x	—
Q4 24	1.0x	—
Q1 25	1.0x	125.3x
Q2 25	1.0x	97.4x
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$13M	-$20M
Q1 22	-$11M	-$14M
Q2 22	$700.0K	-$3M
Q3 22	$29M	$22M
Q4 22	$14M	$7M
Q1 23	-$6M	-$12M
Q2 23	$45M	$34M
Q3 23	$14M	$8M
Q4 23	$4M	-$3M
Q1 24	-$11M	-$21M
Q2 24	$10M	$4M
Q3 24	$29M	$21M
Q4 24	$18M	$4M
Q1 25	$9M	$137.0K
Q2 25	$15M	$5M
Q4 25	$50M	$47M

Capital Expenditures

Quarter	CapEx
Q4 21	$7M
Q1 22	$3M
Q2 22	$4M
Q3 22	$7M
Q4 22	$7M
Q1 23	$7M
Q2 23	$11M
Q3 23	$6M
Q4 23	$7M
Q1 24	$10M
Q2 24	$6M
Q3 24	$7M
Q4 24	$14M
Q1 25	$9M
Q2 25	$10M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+17.4%	+8.1%
Q1 22	+30.6%	+16.4%
Q2 22	+24.8%	+15.9%
Q3 22	+34.8%	+22.3%
Q4 22	+25.5%	+16.4%
Q1 23	+19.6%	+15.3%
Q2 23	+0.9%	-1.1%
Q3 23	+2.6%	-0.5%
Q4 23	+2.9%	+0.6%
Q1 24	-14.7%	-11.2%
Q2 24	+1.6%	+1.1%
Q3 24	-10.3%	-9.0%
Q4 24	-21.0%	-19.7%
Q1 25	-4.4%	-6.8%
Q2 25	-11.3%	-12.5%
Q4 25	+2.2%	+12.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$2M	1.0%
Q1 22	$2M	1.1%
Q2 22	$2M	0.9%
Q3 22	$2M	0.9%
Q4 22	$2M	0.8%
Q1 23	$2M	0.8%
Q2 23	$2M	1.0%
Q3 23	$2M	0.9%
Q4 23	$2M	0.9%
Q1 24	$2M	1.0%
Q2 24	$2M	1.2%
Q3 24	$2M	1.3%
Q4 24	$2M	1.4%
Q1 25	$2M	1.1%
Q2 25	$2M	1.2%
Q4 25	$2M	1.1%

OpEx Breakdown

Quarter	SG&A
Q4 21	$19M
Q1 22	$20M
Q2 22	$24M
Q3 22	$23M
Q4 22	$25M
Q1 23	$24M
Q2 23	$24M
Q3 23	$24M
Q4 23	$22M
Q1 24	$22M
Q2 24	$26M
Q3 24	$23M
Q4 24	$23M
Q1 25	$23M
Q2 25	$23M
Q4 25	$24M

Revenue Segments

Quarter	Product	Service	Downhole Technologies	Offshore/Manufactured Products	Total Well Site Services
Q4 21	$89M	$72M	—	—	—
Q1 22	$86M	$78M	—	—	—
Q2 22	$99M	$83M	—	—	—
Q3 22	$100M	$90M	—	—	—
Q4 22	$101M	$101M	—	—	—
Q1 23	$100M	$96M	—	—	—
Q2 23	—	—	$25M	$94M	$65M
Q3 23	$103M	$92M	—	—	—
Q1 24	$94M	$73M	—	—	—
Q2 24	$109M	$78M	—	—	—
Q3 24	$101M	$74M	—	—	—
Q4 24	$99M	$66M	—	—	—
Q1 25	$101M	$59M	—	—	—
Q2 25	$107M	$58M	—	—	—
Q4 25	$122M	$56M	—	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$39M	$0	$39M
Q2 22	$22M	$0	$22M
Q3 22	$33M	$0	$33M
Q4 22	$42M	$0	$42M
Q1 23	$16M	$0	$16M
Q2 23	$42M	$0	$42M
Q3 23	$53M	$0	$53M
Q4 23	$47M	$0	$47M
Q1 24	$24M	$0	$24M
Q2 24	$25M	$0	$25M
Q3 24	$46M	$0	$46M
Q4 24	$65M	$0	$65M
Q1 25	$67M	$0	$67M
Q2 25	$54M	$0	$54M
Q3 25	$67M	$0	$67M
Q4 25	$70M	$0	$70M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	60M	+0.0%	+0.8%
Q1 22	60M	+0.2%	+0.7%
Q2 22	61M	+0.3%	+0.6%
Q3 22	63M	+3.2%	+3.8%
Q4 22	63M	+0.1%	+4.0%
Q1 23	63M	+0.5%	+4.3%
Q2 23	63M	+0.2%	+4.1%
Q3 23	63M	-0.2%	+0.6%
Q4 23	63M	-0.1%	+0.4%
Q1 24	63M	-0.8%	-0.9%
Q2 24	63M	+0.3%	-0.7%
Q3 24	62M	-1.0%	-1.5%
Q4 24	62M	-0.1%	-1.6%
Q1 25	60M	-3.0%	-3.7%
Q2 25	59M	-1.7%	-5.7%
Q4 25	58M	-2.8%	-7.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$68.0K	2K
Q1 22	$69.1K	2K
Q2 22	$76.6K	2K
Q3 22	$79.8K	2K
Q4 22	$73.9K	3K
Q1 23	$71.7K	3K
Q2 23	$67.0K	3K
Q3 23	$71.0K	3K
Q4 23	$75.7K	3K
Q1 24	$60.8K	3K
Q2 24	$67.7K	3K
Q3 24	$63.4K	3K
Q4 24	$67.5K	2K
Q1 25	$65.6K	2K
Q2 25	$67.8K	2K
Q4 25	$82.1K	2K

Revenue / Employee